26 lines
683 B
Markdown
26 lines
683 B
Markdown
<!-- generated: provider=openrouter model=arcee-ai/trinity-large-preview:free date=2026-02-19 source=book-5-chapter-03 -->
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# Anticipation of Taxes
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## Definition
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The practice of borrowing against future tax revenues before those revenues
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are actually collected, typically through arrangements with banks or financial
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institutions that advance money against expected tax receipts.
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## Source Chapter
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Book V, Chapter 3
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## Context
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Smith describes how governments regularly anticipate their annual land and
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malt taxes through borrowing clauses in the acts that impose them, creating a
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cycle where current revenue is spent before it is received.
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## Economic Domain
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Regulation
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---
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